Journal of Computer Engineering & Information TechnologyISSN : 2324-9307

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Review Article, J Comput Eng Inf Technol Vol: 7 Issue: 2

Bitcoin: Future Transaction Currency?

Md Sajjad Hosain*

School of Business, Sichuan University, China

*Corresponding Author : Md Sajjad Hosain
School of Business, Sichuan University, China
Tel:
01913135750
E-mail: [email protected]

Received: June 25, 2018 Accepted: July 17, 2018 Published: July 23, 2018

Citation: Hosain MS (2018) Bitcoin: Future Transaction Currency?. J Comput Eng Inf Technol 7:2. doi: 10.4172/2324-9307.1000199

Abstract

Bitcoin is a digital crypto currency that has attracted substantial interest in recent years from the general people, profit seekers, risk takers, academic practitioners and last but not the least, from economists. Most recently, particularly, after 2015, it has succeeded to gain even more attention for increase in value and volume of exchange. The Bitcoin system maintains a global, distributed cryptographic ledger of transactions, or block chain, through a consensus algorithm running on hardware scattered across the world. This paper basically discusses on the nature of crypto currency and block chain, how it works and present status of Bitcoin block chain in different countries around the world. The various aspects this technology in detail is yet to be revealed. The authors hope that this simple, basic and narrative paper will be helpful for those seeking the basic references regarding this newest issue.

Keywords: Bitcoin; Block chain; Crypto currency; Internet; Trading; Mining; Block; Transaction

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